Eagle Eye Opener
Eagle Eye Opener: Weather Predicts Retail Sales Jump; Euro Zone Shows Resiliency; Far Eastern Markets Mixed
The Weather Channel predicts retail sales will rise and cause spring apparel to “fly off the shelves as the weather warms up next week.”
Eagle Eye Opener: U.S. Consumer Spending Rises by Most in Five Months; Tremendous Market Risk Lies Aheard, Expert Warns; IPOs Raise $20 Billion in First Quarter 2013
U.S. consumer spending rose in February by the most in five months as incomes increased, indicating an improving job market is boosting demand. Household purchases, which account for about 70 percent of gross domestic product, gained 0.7 percent after a 0.4 percent advance the prior month that was larger than previously estimated.
Eagle Eye Opener: U.S. Markets Notches Highs Amid Cyprus Uncertainty; Asian Markets Roar Like Tigers
The Dow Jones Industrial Average (Dow) hit another all-time high yesterday, closing at 14,559.65. The S&P 500, nearly missed a record high itself, ending the day at 1,563.75 — just 1.38 points shy of its previous peak.
Eagle Eye Opener: Cypriot Bailout Plan Sacrifices Bank; Japan Moves toward Free-Trade Pact with EU
In what’s becoming an effective, but nerve-racking habit for investors, the European Union is undertaking another 11th hour plan to bail out member-nation Cyprus.
Eagle Eye Opener: BP Plans $8-Billion Stock Repurchase to Aid Investors; Music Streaming Drives Revenue; Blackberry Rolls out Z10 SmartPhone
Remember the Deepwater Horizon? That was the name of British Petroleum’s (BP) oil-drilling platform that sank into the Gulf of Mexico in 2010, causing the world’s worst accidental oil spill. The company now is on the rise with an $8-billion stock repurchase to aid its investors.
Eagle Eye Opener: International Markets Mixed; Fed Chairman Benanke Hints at Ultimate Transition; N. Korean Threats May Keep U.S. Defense Contractors Busy
U.S. investors awoke this morning to the monotonous drone of a conflicted global market. Far East indexes ended mixed for the day, with the Nikkei 225 and Shanghai Composite both slightly up today, while Hong Kong’s Hang Seng was off by .14 percent.